date:Jul 03, 2014
deal which will be shown to institutional investors at a bank meeting on Thursday when pricing will emerge, the banking sources said.
The dividend recapitalisation will take Continental Foods' debt to earning to around 4.5 times on the senior loans or 5.7 times in total from a current level of 2.85 times. After CVC's buyout, debt to earnings stood at 4.75 times.
Since Continental Foods was acquired it has performed really well with operational performance and top line growth. It has deleverage